ENERGY FUELS INC - Wie geht es aus ? - 500 Beiträge pro Seite

[RAMSES-II]

Hallo W:O

Da der alte Thread nicht mehr aktiv ist, möchte ich zu E.F. einen neuen eröffnen.

Am Chartverlauf oben kann man sehen, dass nicht alles in den letzten Jahren nach Plan verlaufen ist.

Gibt es hier noch weitere Investierte, oder Interessierte die den aktuellen Stand von E.F. einschätzen können?


Wie lange muss noch auf die Produktion gewartet werden? Wann seht ihr Chancen auf eine Kurserholung?

Am Cash kann es doch nicht liegen

lg

[RAMSES-II]

http://www.energyfuels.com/_resources/media/FORTUNE_In_urani…

[RAMSES-II]

ENERGY FUELS PINON RIDGE MILL LICENSE APPLICATION DETERMINED COMPLETE BY COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT
12/21/2009 12:02:29 PM - Market Wire

TORONTO, ONTARIO, Dec 21, 2009 (MARKETWIRE via COMTEX News Network) --
Energy Fuels Inc. (TSX: EFR) ("Energy Fuels" or the "Company"), is pleased to announce that its Pinon Ridge Uranium/Vanadium Mill project has cleared another major hurdle on the path to production. On December 18th, Energy Fuels was notified by the Colorado Department of Public Health and Environment, Radiation Management Program (CDPHE), that the Radioactive Materials License Application (the Application) submitted on November 18th, was determined to be complete. This decision moves the Application into the technical adequacy review process, which is driven by compliance with applicable regulations and based on design and findings of fact regarding environmental impacts, operations, and health and safety for the community and mill employees. According to the press release from CDPHE, this comprehensive technical review will last between 12 and 14 months. The first public meeting on the Application has been scheduled for Thursday, January 21 at 6:00 pm in the Nucla High School Gymnasium, 225 W. 4th Ave., Nucla, Colorado.

Sheep Mountain Alliance, a Telluride-based organization, has filed a lawsuit against the Board of County Commissioners of Montrose County and Montrose County Land Use Director, Steve White, challenging the County's decision to issue a Special Use Permit for the Pinon Ridge Mill. Energy Fuels was named as an Indispensible Party in that litigation. No injunctive relief or monetary damages are sought against Energy Fuels pursuant to the lawsuit.

George Glasier, President and CEO of Energy Fuels, stated "Montrose County and Energy Fuels, through their respective counsels, believe that this lawsuit is without merit and I am confident that the Court will uphold the decisions and the process of Montrose County in reviewing and granting the Special Use Permit. The recent action of CDPHE granting the finding of completeness on our license application illustrates that this lawsuit has not affected the regulatory review process at CDPHE, and we believe the CDPHE review process will not be affected by this lawsuit in the future."

Energy Fuels announces that on December 11th, Craig Schneider resigned as a member of the Board of Directors of Energy Fuels, effective December 17th due to a significantly increased commitment required by his other business activities. The Board of Energy Fuels thanks Mr. Schneider for his service to the Company.

Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the content of this press release.

Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 47,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling approximately 32,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and Magnum Uranium subsidiary, has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.

Contacts: Energy Fuels Inc. Gary Steele Investor Relations [phone] or Toll free: 1-888-864-2125 [e-mail] www.energyfuels.com

SOURCE: Energy Fuels Inc.

mailto:[e-mail] http://www.energyfuels.com

Copyright 2009 Marketwire, Inc., All rights reserved.

[RAMSES-II]

Boom and bust of the area uranium industry

Click-2-Listen
By GARY HARMON/The Grand Junction Daily Sentinel
Thursday, December 24, 2009

The uranium industry was born on the west end of Energy Alley, the run from Green River, Utah, to Rifle. It has burst into bloom and sputtered to obscurity more than once.

Like the half-lives by which radiation is judged to decay, though, the industry never has died. Two companies are burrowing into the red bluffs and canyons of western Colorado and eastern Utah to dig out uranium and start the process of generating electricity.

Although the history of the uranium industry in the region goes back to Madame Curie and her discoveries in the late 19th Century, the supply is far from played out.

Miners dug out about 250 million pounds of uranium for the World II and Cold War efforts, said George Glasier, president and CEO of Energy Fuels Inc., a Canadian, publicly traded company.

“We got the easy stuff the first time,” Glasier said.

Now, determinations of how much uranium is available depend on its value.

“I believe there are 125 million pounds in this immediate area” that can be produced for $45 a pound, Glasier said. “If it goes to $100 (a pound,) we’ve got 300 million or 400 million.”

One estimate for a small portion of land in the Uravan Mineral Belt, 31 tracts, is the those lands being leased out by the U.S. Department of Energy contain 130 million pounds of uranium.

The United States now consumes about 50 million pounds of uranium oxide a year, said Glenn McGrath of the U.S. Energy Information Administration.

Though less optimistic about the size of the resource than Glasier, McGrath said the United States will have to turn more and more inward as it looks for secure sources of nuclear energy.

Several factors weigh in on the market value and importance of uranium that reaches the outside world via western Colorado’s Energy Alley.

Much of the uranium needed for the rods that now fire the plants has come from demilitarized uranium left over from the Cold War, said Jim Burnell, senior minerals geologist for the Colorado Geological Survey.

Two major international suppliers of uranium, meanwhile, are out of commission temporarily and possibly permanently. The Cigar Lake Mine in Canada flooded, and the Olympic Dam mine in Australia is out of production because of a shaft accident.

“It’s a very real issue that we are fairly dependent on uranium from other sources than the United States,” McGrath said.

While issues such as national security and the availability of uranium factor into its value, there are other factors pushing nuclear power back to prominence.

Population growth, increasing demand for electricity to power a growing variety of devices, from refrigerators to computers, all are pushing up the need for electricity-generating fuel.

“Opinions vary regarding the future of nuclear power, but it is a fact that existing U.S. plants are performing well,” the U.S. Energy Information Administration says of nuclear power, noting nuclear power plants now operate at a 90 percent capacity factor, compared to 56 percent in 1980.

Fuel costs for nuclear fuel average less than one-half cent per kilowatt hour, well below the costs of major competing fossil fuels, the Energy Information Administration analysis said.

Production costs for nuclear power, operation and maintenance plus fuel costs, are also low, averaging 1.8 cents per kilowatt hour. That cost roughly matches coal and is significantly below the costs of operating a natural gas plant, the Energy Information Administration said.

Nuclear power now provides 20 percent of the United States’ electricity, a portion that is likely to increase as 30 nuclear plants that are under construction come online, according to federal estimates.

The U.S. Nuclear Regulatory Commission, meanwhile, is reviewing 13 combined applications for 22 more nuclear power plants.

It could take 50 years to produce the uranium lodged deep beneath the sandstone and sagebrush of the west end of the most important 150 miles, Glasier said, because the industry is limited by milling capacity.

Energy Fuels’ planned mill near Naturita and Denison Mines’ mill in Blanding, Utah, together will produce a combined 7 million to 10 million pounds a year, Glasier said.

Energy Fuels’s application to construct the mill was deemed complete in December, and officials with the Colorado Department of Public Health and Environment have begun the review process, which includes public meetings in the area. How quickly the uranium industry is sparked back to life will depend on a variety of factors, from the difficulty and cost of finding and milling it to demand for nuclear power.

There also are legal challenges the industry would have to overcome. Environmental groups have filed suit against Montrose County, alleging its land-use approval decision for the Energy Fuels mill was arbitrary. Other groups are challenging the Energy Department’s leasing program, questioning the potential effects of the mining on endangered species in the Colorado River Basin.

Some environmental groups, however, tend to favor nuclear energy because it doesn’t produce what are deemed greenhouse gases contributing to global warming.

“The bigger issue for uranium is: Will a significant portion of the world choose nuclear power as the clean fuel of choice?” said Dr. Rod Eggert, director of the division of economics and business at Colorado School of Mines. “Right now, there’s a lot of speculation, but exactly how large demand will grow, no one knows.”

Nuclear future for Green River?

The fourth time could be a charm for a nuclear-power plant in the shadow of the Book Cliffs overlooking the Green River valley at the west end of Energy Alley, the 150 miles from Green River, Utah, to Rifle.

Three times since the 1960s, said Aaron Tilton, CEO of Blue Castle Holdings, companies have sought to build nuclear plants near Green River.

“It’s a natural place” for such a plant, Tilton said,

Even though Green River sits within miles of some of the nation’s richest deposits of uranium in the canyon country of Utah and Colorado, it’s not the proximity to fuel that gives impetus to the project.

This time the project could work, Tilton said, because Utah is fast becoming power-starved as its population grows, even while coal and natural gas plants are denied in the permitting process.

“I see some real problems with electricity,” said Mike McCandless, who heads the economic-development effort for Emery County, home to Green River. “Utah is a net importer of electricity now. Rocky Mountain Power has had to cancel every project they’ve had.”

Rocky Mountain Power is part of MidAmerican Energy Holdings Co., which is owned by billionaire Warren Buffet’s Berkshire Hathaway Inc. The inability to win approval for gas-fired plants boosts the prospects of developing nuclear power in Green River, McCandless said.

Green River has an additional advantage in that it sits along one of the national energy corridors established under the auspices of the 2005 Energy Policy Act.

Congress ordered officials to designate federal land in 11 western states for energy corridors that would include oil, gas and hydrogen pipelines and electricity transmission and distribution facilities.

Utah isn’t alone in needing electricity. Arizona, Nevada and California also are hunting for electricity for their populations, Tilton said.

“This is the part of the nation that is growing the fastest,” and that’s driving the search for more energy in places like Green River and the rest of Emery County, McCandless said.

The nuclear plant, which would sit in the shadow of Blue Castle Peak at the base of the Beckwith Plateau west of Green River, would generate 3,000 megawatts of electricity, or enough electricity for about 1 million homes. .

Transition, Power Development, which owns the Blue Castle project, has hired a primary contractor, ENERCON, to prepare the company’s application for an early site permit from the Nuclear Regulatory Commission.

The project also has an agreement with the Page, Ariz., Electric Utility that sets out the utility’s potential role as an owner of the project.

Blue Castle will begin a yearlong, data-collection process at the 1,000-acre site early next year as it opens its permitting effort.

Once the Blue Castle backers establish their water rights, more backers will emerge, Tilton said.

Emery County already has two coal-fired power plants, Huntington and Hunter, which together generate about 2,500 megawatts.

The Page, Ariz., utility has declared interest in buying power for its 8,000 customers from the Blue Castle nuclear plant should it be constructed in an industrial park west of Green River.

For McCandless, the nuclear plant is part of a many-pronged effort to make maximum use of the county assets.

McCandless also is working with developers who want to build a 40-acre, solar-voltaic field, and he’s optimistic that on the opposite side of Green River a small refinery will start pumping out fuel from kerogen roasted out of oil shale.

Another company, meanwhile, Conductive Composites Co., is gearing up to manufacture a variety of electrically conductive resins, adhesives, coatings, composites and other systems from Green River.

“Green River is on a tipping point,” said Joni Pace, a local activist working to boost Green River’s economy.

The nuclear plant could be part of the reversal of the town’s fortunes, Pace said.

“I like it,” she said. “I think we need it.”

Amy Wilmath, who works on the town ambulance, runs the Green River Coffee Shop and sits on the planning and zoning commission, said she has some doubts as to the final site.

Wilmath said she worries about the possible air-quality implications for a project upwind from the town, as well as the ability of the town to supply the workforce needed to build and operate a nuclear-power station.

On the other hand, the town needs investment, Wilmath said.

“Any industry in Green River is a much-needed thing,” she said.

http://www.gjsentinel.com/hp/content/news/stories/2009/12/24…

[brummbaer007]

Na dann auf zu neuen Höhen,bin vorige Woche in Can zu 0,245 eingestiegen.....
bei diesen Aussichten und vorliegenden Genehmigungen könnte das
schon was werden.
Wurden ja vor ca 2Jahren schon Kursziehle von €12,-genannt

[RAMSES-II]

Antwort auf Beitrag Nr.: 38.638.435 von brummbaer007 am 28.12.09 20:47:07

Die KZs vor 2 Jahren darfst du nicht als Maßstab nehmen. Damals war der uranpreis auf seinem ATh und alles was auch nur Uran in seinen Plänen hatte ging derbe ab. ich sehe es so, in schlechten Zeiten kaufen und in besseren Zeiten verkaufen

[brummbaer007]

Antwort auf Beitrag Nr.: 38.638.513 von RAMSES-II am 28.12.09 21:01:03

Hallo ja is schon klar,das man das nicht mehr Vergleichen kann.
Ich beobachte EFR schon lange und sie haben enorme Recourcen
ausserdem haben sie im Sommer Magnum Uranium übernommen.......
Für mich ist jedenfalls klar dass sie in Produkion gehen mit oder ohne Denison......
lg brummbaer

[RAMSES-II]

Antwort auf Beitrag Nr.: 38.638.610 von brummbaer007 am 28.12.09 21:25:05

frohes Neues,

die Frage ist nur wann dies geschehen wird. Die magnum Übernahme hat weniger "Schaden" im Kursverlauf angerichtet. Die Akquisition hat trotz Sharefreigabe den Kurs nicht weiter gedrückt. Die Seitwärtsbewegung hängt meiner Meinung mit der Unsicherheit zusammen. Die Ressourcen sind mächtig, aber bis man sie aus dem Boden geholt hat wird noch was an Zeit vergehen. Bin auf die neuen Daten gespannt, wie sich die Investitionen im Explorationbereich seit dem letzten Filling verändert haben.

Vor Produktion wird mindestens noch eine Finanzierung nötig sein. Aktuell reicht es ja noch dicke. nur die Konzentration auf weniger Propertys wäre wünschenswert.

[brummbaer007]

Antwort auf Beitrag Nr.: 38.656.477 von RAMSES-II am 03.01.10 13:48:40

Hallo:dir auch ein Gutes neues 2010
Ja wäre super wenn das Ganze 2012 anlaufen könnte...
für mich auch wichtig das man sich bei den derzeitigen Kursen
günstig positzionieren kann,glaube nicht das wir noch viel billigere Kurse sehen......
Uranpreis beobachten,2010werden Rohstoffpreise(Nachfrage)wieder anziehen dann kanns schnell gehen + News bezügl.Bau der Mühle....
lg brummbaer

[RAMSES-II]

February 3, 2010
The revised Energy Fuels web site was brought online on February 3, 2010. This site will continue to receive updates and upgrades over time. We hope you like the improved look and feel and data availability of the site and that it responds to the many requests we have received for an upgrade.


das Geld hätte man auch anders verwenden können, na ja der Wille zählt

[RAMSES-II]

Antwort auf Beitrag Nr.: 38.656.956 von brummbaer007 am 03.01.10 17:22:43

anders kann man (ich) auch nicht mit der Kursentwicklung umgehen

[RAMSES-II]

Energy Fuels Corp. CEO says Colorado uranium mill could be operating by 2012
By Associated Press
10:15 AM MST, February 10, 2010
DENVER (AP) — A company says its proposed uranium mill in southwest Colorado could be operating by early 2012.

Energy Fuels Corp. wants to build a mill in the Paradox Valley of Montrose County, about 12 miles west of Naturita. Energy Fuels President and CEO George Glasier said Tuesday at a Colorado Mining Association conference in Denver that state officials have until next January to deny or issue a permit.

Glasier says the mill could be built in nine months and operating by early 2012 if the application is approved. It would be the first uranium mill built in the country in 25 years.

Durango attorney Travis Stills, representing the mill's opponents, says that timeline sounds unrealistic because the company needs federal approval, water rights and an air-quality permit.

___

Information from: Durango Herald, http://www.durangoherald.com

[RAMSES-II]

March 4, 2010, 10:00 a.m. EST · Recommend · Post:
Energy Fuels and Royal Resources Announce Uranium Property Acquisition and Arizona Strip Exploration Activities

TORONTO, ONTARIO, Mar 04, 2010 (MARKETWIRE via COMTEX) -- Energy Fuels Inc. (CA:EFR 0.23, -0.01, -2.13%) and Royal Resources Limited (ASX: ROY)

Key Points


-- Joint Venture acquires known mineralized breccia pipe, and second
breccia pipe target, both outside Department of Interior withdrawal area
boundary
-- No up-front cost
-- VTEM geophysical exploration techniques applied and verified for breccia
pipe exploration
-- Three new breccia pipe targets located with further exploration planned




Energy Fuels Inc. (CA:EFR 0.23, -0.01, -2.13%) ("Energy Fuels" or the "Company"), and Royal Resources Limited (ASX: ROY) ("Royal"), its joint venture partner, are pleased to announce that Arizona Strip Partners LLC ("ASP") joint venture, formed in May of 2008 by the companies, has succeeded in acquiring two breccia pipe properties in Coconino County, Arizona from Neutron Energy, Inc. ("Neutron"). Historical uranium production from the Arizona Strip was at an average grade of 0.65% U3O8 or 13 lbs. per ton, which is the motivation for ASP's interest in the region.

This property acquisition includes all available data including geophysical logs and lithologs, from Neutron. These two properties are both in near proximity to drilled out ore bearing pipes, and one of these properties is a geologically confirmed mineralized breccia pipe. ASP acquired the properties with no up-front costs. Neutron will retain a 2% NSR royalty on any production. If an ore body is drilled out, and upon completion of a feasibility study conducted by ASP, Neutron has a one time option to elect to participate in that project at a 30% working interest, by surrendering its royalty and paying to ASP a 150% reimbursement of 30% of ASP's costs, incurred to the point of completion of the feasibility study.

The two properties, known as the "Cyclone Target" and the "Horsey Target" are Mineral Exploration Permits acquired by Neutron through the Arizona State Lands Department and not regulated by either the Bureau of Land Management or the US Forest Service. The properties are located south of the Grand Canyon and both are outside the boundary of the US Department of Interior's withdrawal area, currently undergoing a two year environmental impact study. Each Mineral Exploration Permit is good for 5 years and, should a minable discovery be made, can be converted to an Arizona State Mining Lease, subject to a production royalty.

Cyclone Target-

This is a confirmed mineralized breccia pipe. Rocky Mountain Energy drilled two shallow holes and seven deep holes in 1990 that confirmed mineralization. Neutron drilled four deep holes in 2008 and mineralization from 0.01% U3O8e up to 0.076% U3O8e was encountered in each of the Neutron drill holes. Further exploration will be needed to fully develop this target, and because of the target being State of Arizona lands, and outside of the withdrawal area, ASP is confident that this exploration can be successfully undertaken.

Horsey Target-

This target consists of 87.67 acres. There has been no drilling done however a track-etch survey was completed on the target. The Horsey target exhibits good surficial characteristics of a potential pipe and a good surface collapse structure was observed by ASP field examination.

Additionally, ASP reports exploration success applying Versatile Time Domain Electromagnetic ("VTEM") geophysical survey techniques to search for breccia pipes on the Arizona Strip. VTEM is a geophysical technique that provides the depth and resolution believed necessary to conduct breccia pipe exploration. During November 2008, GeoTech Ltd. of Ontario, Canada flew a helicopter-borne VTEM survey for ASP covering 15 survey blocks on the Arizona Strip, for a total of 538 line-kilometers. Data was processed and modeled by Australian firm Montana GIS. Several major findings from the VTEM work include:


-- A strong anomalous VTEM signature exhibited over five known undeveloped
breccia pipes, both horizontally and vertically, proves to ASP that VTEM
geophysical surveys can be used successfully to discover new breccia
pipes.
-- The anomalous signature exhibited over five known breccia pipes varies
dramatically from pipe to pipe due to variation in geological settings
and in the size and extent of the collapse.
-- High resolution data analysis has been completed on seven of the 15
blocks surveyed. Processing and modeling of the eight remaining survey
blocks is progressing.
-- Based on the interpretation of those seven blocks, ASP has successfully
identified three new breccia pipe targets on properties controlled by
ASP, all of which are located outside of the DOI withdrawal area.
-- ASP intends to conduct additional exploration on the three targets
identified. The more detailed data collected from those exploration
efforts will be analyzed to further understand and better apply the
application of VTEM geophysical survey data regionally.




Stephen P. Antony, P.E., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the content of this press release.

Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 44,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling approximately 40,000 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia subsidiary, Magnum Uranium Corp., has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.


Contacts:
Energy Fuels Inc.
Gary Steele
Investor Relations
[phone] or Toll free: 1-888-864-2125
[e-mail]
www.energyfuels.com




SOURCE: Energy Fuels Inc. and Royal Resources Limited

[hbg55]

Energy Fuels Provides Project Update and Corporate Status Review

- January 17, 2011 Deadline for License Decision on the Pinon Ridge Mill - Bureau of Land Management (BLM) Approval of Notice of Intent (NOI) for Exploration on Pocket 2 Claims in the Arizona Strip - Ongoing Geologic, Geophysical, and Economic Evaluation of Mineral Properties - Compliance on All Permits at the Whirlwind and Energy Queen Mines
1:15 PM ET, June 8, 2010

TORONTO, ONTARIO, Jun 8, 2010 (Marketwire via COMTEX) -- Energy Fuels Inc. (EFR) ("Energy Fuels" or the "Company"), is pleased to provide an update on its projects as well as the status of the Company since the appointment of Steve Antony as President and CEO on April 1 of this year. Mr. Antony stated, "Because of the succession planning put in place by George Glasier, the transition of leadership has been seamless at Energy Fuels. Our team continues to make progress on all of our projects, especially the licensing of the mill. We anticipate that with a permitted and licensed mill site in hand, the ability to finance our projects going forward will be significantly enhanced. Energy Fuels has greatly reduced permitting and licensing unknowns and offers potential opportunity to participate in the upside commodity pricing anticipated for both uranium and vanadium with risk parameters that are favorable, well-understood, and defined for the life of our project. This is in sharp contrast with the many uncertainties confronting other uranium projects both domestically and abroad."

Key project accomplishments include:

Pinon Ridge Mill Project: Energy Fuels continues to make progress in permitting the Pinon Ridge mill with the State of Colorado. The Colorado Radioactive Material License and the air quality Construction Permit are the two remaining major permits needed to construct and operate the Pinon Ridge Mill.

Montrose County provided comments regarding the Environmental Report on the Pinon Ridge Mill to the Colorado Department of Public Health and Environment (CDPHE) on April 19, 2010, which established a statutory deadline of January 17, 2011 for a decision by CDPHE on the mill license application, as reported in their late April news release. Energy Fuels has received two Requests for Information from CDPHE, one on February 26, 2010, and the second on May 25, 2010. The Company has provided detailed technical responses to the first request and responses for the second request are now being completed.

Energy Fuels previously obtained approval of its Special Use Permit application from Montrose County on September 30, 2009. The mill license application was determined to be complete by CDPHE on December 18, 2009 and is now being reviewed by the agency for technical adequacy. The two public meetings required by state law to receive comment on the license application were held on January 21, 2010, in Nucla, Colorado, and on February 17, 2010, in Montrose, Colorado. Local support for the mill remained strong at these meetings.

CDPHE has scheduled five more public meetings in towns located in Montrose and San Miguel counties during June and July. These meetings are in addition to the two required public meetings already held. Energy Fuels anticipates that this will complete the public meeting portion of the license review process.

The air quality permit application has been determined to be complete by the Colorado Air Pollution Control Division with the submittal of a Reasonably Available Control Technology (RACT) Report on April 29 and the Air Dispersion Modeling Report on May 28. The air quality permit application will now be reviewed by the Division for technical adequacy.

NOI Approval: In late 2009 and early 2010, Energy Fuels, as operator of its Arizona Strip Partners Joint Venture (ASP) with Royal USA, Inc applied an innovative geophysical approach employing a state-of-the-art versatile time domain electromagnetic system to explore for breccia pipe targets. ASP identified a highly prospective breccia pipe target north of the Grand Canyon and outside the proposed Department of Interior withdrawal area, identified as the Pocket 2 claims. ASP staked these claims and immediately filed a NOI with the Arizona office of the BLM to conduct a 3-D seismic survey and limited drilling on the claim block. The NOI has been approved and field operations should begin in early July.

Property Evaluations: Energy Fuels continues exploration and evaluation of its numerous prospective uranium and vanadium properties through both geological and geophysical techniques. As a result of this ongoing technical effort, the Company's property ownership position has been upgraded to only those prospects offering the best potential for mineable resource. In Colorado and Utah, 230 claims have been released and in Arizona, another 79 claims have been released. This work reduces landholding costs while allowing the Company to focus on the properties with the best likelihood of actually becoming a producing mine. Over the last several months, Energy Fuels has successfully re-negotiated a number of its mineral property leases with claim holders. These negotiations have resulted in the deferral or favorable adjustment of cash advance royalty payments. Energy Fuels also continues to evaluate other significant resource properties within a reasonable haul distance of the Pinon Ridge Mill.

Mine Permit Compliance: Energy Fuels has diligently maintained compliance with all permit conditions at the Whirlwind and Energy Queen Mines including environmental and safety inspections, sampling and reporting. These properties remain fully permitted and ready to move into production, as market conditions allow.

Steve Antony further stated, "During this period of license application review, the support of that process, and overall tight budgets at Energy Fuels, we have been working to improve our position on several fronts, including addressing our availability of capital to assure sufficient funds to maintain liquidity through the approval of the mill license. Our efforts have positioned Energy Fuels as a uranium mining opportunity ready to capitalize on a strengthening uranium market, as forecast by many market watchers."

About Energy Fuels: Energy Fuels Inc. is a uranium and vanadium mineral development company actively rehabilitating and developing formerly producing mines. With more than 39,000 acres of highly prospective uranium and vanadium property located in the states of Colorado, Utah, Arizona, Wyoming, and New Mexico, and exploration properties in Saskatchewan's Athabasca Basin totaling approximately 38,500 additional acres, the Company has a full pipeline of additional development prospects. Energy Fuels, through its wholly-owned Colorado subsidiary, Energy Fuels Resources Corporation and its British Columbia subsidiary, Magnum Uranium Corp., has assembled this property portfolio along with a first class management team, including highly skilled technical mining and milling professionals based in Lakewood and Nucla, Colorado and Kanab, Utah.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and "Forward Looking Information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia, Alberta and Ontario Securities Commissions.

SOURCE: Energy Fuels Inc.

Energy Fuels Inc.
Gary Steele
Investor Relations
[phone] or Toll free: 1-888-864-2125
[e-mail]
www.energyfuels.com



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